7 Norice Street, Meadowlands - Crestview and Area

$779,900
7 Norice Street

$779,900

New
25d
Detached1 1/2 Storey

7 Norice Street, Meadowlands - Crestview and Area

Total Monthly Obligation $3,942

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
25d
Score
16
Yield
3.9%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X13834908
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-83.45 × 119 ft
Listed on site-Sep 28, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,056 (2025)
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 SYNERGY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-TBD
Neighbourhood-7302 - Meadowlands/Crestview
Title-Residential Freehold

No agent assigned

Calling all investors! This newly renovated 3 bedroom detached home offers the ability to rent or owner occupy with the option to develop at any time. Incredible development potential on this oversized lot measuring 83.50 x 119.20 ft. zoned N2E. Excellent location close to parks, schools, churches + steps to all shopping amenities on the Merivale Rd strip. The functional layout with primary bedroom and full bathroom on main level, 2 secondary bedrooms on second level, large rec room and dining and new kitchen. Don't miss this unique opportunity at a great price.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$623,920
Land Transfer Taxes$12,073
Legal Fees (Est.)
$
Total cash required for closing$169,553

Total Monthly Obligation

$3,942/mo
Mortgage $3,146
Monthly Loss $3,114
Principal$828
Interest$2,318
Property Tax$421
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.2%15
10-Year IRR
7.7%
Returns Index
8.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,288/yr
NOI
$17,703/yr
Net Cash Flow
-$1,671/mo
Cash Margin
-66.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
20.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 7 Norice Street

Time

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Data last updated within the past 24 hours.